REGISTERED NUMBER: NI003485 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Richard Atkinson and Company, Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Nicholson

M Nicholson

SECRETARY:

M Nicholson

REGISTERED OFFICE:

10 Nicholson Drive

Michelin Road

Mallusk

Newtownabbey

Co. Antrim

BT36 4FD

REGISTERED NUMBER:

NI003485 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

FIXED ASSETS

Tangible assets

4

813,363

399,721

CURRENT ASSETS

Stocks

105,643

113,292

Debtors

5

115,173

134,831

Cash at bank and in hand

627,509

601,712

848,325

849,835

CREDITORS

Amounts falling due within one year

6

67,607

68,956

NET CURRENT ASSETS

780,718

780,879

TOTAL ASSETS LESS CURRENT LIABILITIES

1,594,081

1,180,600

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

7

754,494

330,494

Other reserves

22,000

22,000

Retained earnings

807,587

818,106

1,594,081

1,180,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

M Nicholson - Director

P A Nicholson - Director

1.	STATUTORY INFORMATION

Richard Atkinson and Company, Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 75 years straight line

Plant and machinery - 15% reducing balance

Motor vehicles - 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long leasehold property

Long leasehold property is initially recognised at cost and subsequently measured at fair value at the date of revaluation, less subsequent accumulated depreciation and accumulated impairment losses.

Revaluations are carried out with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date.

Increases in the carrying amount arising from revaluation are recognised in other comprehensive income and accumulated in the revaluation reserve, except to the extent that they reverse a revaluation decrease previously recognised in profit or loss. Decreases arising on revaluation are recognised in profit or loss except to the extent of any existing revaluation surplus to the same asset.

Depreciation is charged to profit or loss on a straight-line basis over the estimated useful economic life of the property, taking into account the remaining term of the lease. The useful life, residual value and depreciation method are reviewed where circumstances indicate that they may have changed.

The land element of the property is not depreciated where it has an unlimited useful life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

600,000

145,875

745,875

Disposals

-

(12,745

)

(12,745

)

Revaluations

200,000

-

200,000

At 31 December 2025

800,000

133,130

933,130

DEPRECIATION

At 1 January 2025

216,000

130,154

346,154

Charge for year

8,000

2,358

10,358

Eliminated on disposal

-

(12,745

)

(12,745

)

Revaluation adjustments

(224,000

)

-

(224,000

)

At 31 December 2025

-

119,767

119,767

NET BOOK VALUE

At 31 December 2025

800,000

13,363

813,363

At 31 December 2024

384,000

15,721

399,721

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

330,494

-

330,494

Valuation in 2025

200,000

-

200,000

Cost

269,506

133,130

402,636

800,000

133,130

933,130

The Company's long leasehold property is stated at fair value at the date of revaluation, less subsequent accumulated depreciation and accumulated impairment losses.

The property was revalued by the directors to £800,000 as at 31 December 2025. The valuation was determined by the directors based on their assessment of the property's fair value at the reporting date. No independent external valuer was involved.

Prior to the revaluation, the property had a carrying value of £376,000, comprising an opening revalued amount of £600,000 less accumulated depreciation of £216,000 and depreciation for the year of £8,000.

The revaluation resulted in a surplus of £424,000, which has been recognised in other comprehensive income and accumulated in the revaluation reserve, subject to any applicable deferred tax.

The property is depreciated over its estimated useful economic life, taking into account the remaining term of the lee.

The original historical cost of the property was £341,308.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

112,831

134,831

Other debtors

2,342

-

115,173

134,831

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

30,255

30,385

Taxation and social security

33,595

32,449

Other creditors

3,757

6,122

67,607

68,956

7.

RESERVES

Revaluatio

reserve

£

At 1 January 2025

330,494

No description

424,000

At 31 December 2025

754,494